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Hindustan Copper get nod to increase borrowing limits to Rs 850 crore

15 Nov 2019 Evaluate

Hindustan Copper has received approval to increase borrowing limits of the Company from consortium / other Banks from existing Rs 650 crore to Rs 850 crore by way of cash credit / working capital arrangements, etc. The Board of Directors of the Company at its meeting held on November 14, 2019 has approved the same.

Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.

Peers
Company Name CMP
Hindalco Industries 942.30
Vedanta 258.90
Hindustan Zinc 565.30
Jain Resource Recycl 292.60
CMR Green Tech 225.00
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